Vedanta

Vedanta reported a 102% jump in quarterly consolidated profit, driven by better margins across most of the metals the company mines. Zinc and aluminium were the main drivers. Consolidated profit stood at Rs. 1,525 crore v/s Rs.754 crore (YoY). Revenue was up 27% at Rs.18,203 crore.  EBITDA was higher by 40% at Rs.4965 crore, driven by higher commodity prices, higher volumes and cost savings but it was sequentially lower on account of lower volumes & commodity prices

The company has stated that it has brought down gross debt by Rs. 6,2881 crore (QoQ) and hopes to bring it down further by Rs.2,500 Crore post June 30, 2017, Its Net debt though is higher primarily due to dividend payouts in April 2017. But interest costs are up, both QoQ as well as YoY due to temporary borrowing at Zinc India and interest on pref. shares issued, partially offset by repayment of debt and lower interest rates.  Its cash currently stands at Rs.48,318 crore v/s Rs.63,471 crore in Q4FY17.

The consolidated numbers of Vedanta includes that of Hind Zinc, Balco, Western Cluster (Liberia), Skorpion & Leeshen, Talwandi Sabo Power, Malco Copper and Australian Copper Mines.